BusinessLive reports that University of Cape Town (UCT) vice-chancellor Max Price said on Monday that the state should consider a graduate tax to tackle the funding challenges faced by most students at tertiary institutions.  

Speaking at the Cape Town Press Club, Price warned that higher education was in danger of "declining" if protests over fees continued.  Price said free higher education for all was not possible in the current climate, but a graduate tax would help poor students to get through university.  In its Budget Review tabled in Parliament last week, the Treasury seemed to rule out a graduate tax.  "The idea offers several potential advantages, including effectively targeting private returns to higher education.  Such a tax is, however, unlikely to raise the revenues needed to fund universities," the Treasury said.

• Read this report by Bekezela Phakathi in full at BusinessLive

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